Novatek Plans To Launch 1st Line Of Arctic LNG 2 Plant In Q1 2023 - Project CEO

Novatek Plans to Launch 1st Line of Arctic LNG 2 Plant in Q1 2023 - Project CEO

Russian gas giant Novatek plans to put the Arctic LNG 2 plant's first line that will liquefy natural gas into operation in the first quarter of 2023, the project's Director-General Oleg Karpushin said on Tuesday

MOSCOW (UrduPoint News / Sputnik - 21st May, 2019) Russian gas giant Novatek plans to put the Arctic LNG 2 plant's first line that will liquefy natural gas into operation in the first quarter of 2023, the project's Director-General Oleg Karpushin said on Tuesday.

"Commissioning of the first line of Arctic LNG 2 is planned for the first quarter of 2023, while the second line [is expected to become operational] a year later," Karpushin said.

According to his presentation, the third line is excepted to start working in the fourth quarter of 2025.

Arctic LNG 2, an offshore plant near the remote Gydan Peninsula in northwestern Siberia, is Novatek's second large-scale LNG project. It will have three production lines with a total annual capacity of 19.8 million tonnes. Gas will be extracted from the Utrenneye field, which is estimated to hold 69.8 billion cubic feet of natural gas and 105 million tonnes of liquids.

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